Michaël van de Poppe Lists 5 Altcoins Ready to Break 10x in Few Months
Widely followed cryptocurrency analyst, trader and YouTube personality Michaël van de Poppe says he’s closely following five altcoins that have potential to surge 10x against Bitcoin.
In a recent video, the trader reveals that he’s looking closely at SXP, the native token of crypto-fiat gateway Swipe. According to Van de Poppe, the SXP/BTC pair must hold a key level to ignite the next leg up.
“You want to see Swipe hold above 0.0000053. Then, the critical resistance zone is very comparable to Bitcoin at $40,700. This level (0.000063) has to break. If that breaks for Swipe, the next real hurdle is only found around this area (0.000083). If it breaks above the 100-day MA (moving average), we are most likely moving toward this area (0.000083)… After that, we grant ourselves a new higher low by flipping the moving averages for support, and then we can start expanding and continuing the momentum.”
According to Van de Poppe, the next resistance level after passing 0.000083 is 0.00016.
The second coin on the trader’s list is scalable smart contract platform TomoChain against Bitcoin (TOMO/BTC). Van de Poppe says that TOMO/BTC must breach a key resistance level to ignite a strong rally.
“We are still consolidating nicely in which the critical level that it has to hold in order to sustain the upward momentum is the recent low (0.000038)… We are back above the 100-day and 200-day MA. We are slightly making a higher high and therefore, if we crack this resistance zone (0.000049)… we start a new impulse wave.”
Algorand, a blockchain for decentralized finance (DeFi) applications made it to the trader’s list. He points out that ALGO/BTC has managed to hold a key support area while keeping a bullish market structure.
“Algorand is ready to make the breaker as the critical level that ALGO had to hold onto is holding support. So most likely, this entire structure of higher highs and higher lows is going to continue moving toward the new highs.”
According to the analyst the immediate resistance of ALGO/BTC stands at 0.000038. A move above that level will target the next resistance level of 0.000054.
Van de Poppe is also keeping an eye on the price action of decentralized finance (DeFi) protocol Orion in its Bitcoin pair (ORN/BTC). ORN/BTC must take out a strong resistance area to launch a massive rally, says the trader.
“If Orion breaks through it (0.0000025), you are going to see a big run towards the upper resistance zone (0.000043).
What is the area to hold? There are a few areas that I’m very interested in. Preferably, you want to see Orion to hold the area around 2,150 satoshis (0.0000215). If that doesn’t hold, the recent low is the second area of support that you could be looking at (0.000018).”
The 5th and last coin on van de Poppe’s list is decentralized exchange Curve Finance in its Bitcoin pair (CRV/BTC). According to the analyst, the key resistance area that CRV/BTC must break to start its bull market.
“But I’m suspecting that we’re going to have a nice bounce back up, creating another higher low, after which we can continue making the momentum or making the movements… Once we break above this resistance zone (0.00008), we can start running heavily as then there’s not much between these two levels (0.00018).”
